Multicoin Capital has sold nearly 75% of its peak HYPE holdings, now retaining $90.5M worth as its largest on-chain position.
Ecosystem ·
Multicoin Capital has reduced its HYPE holdings by roughly 10% in another recent sale, according to on-chain data, leaving the firm with approximately $90.5 million worth of the token—its largest on-chain position. The reduction marks a continuation of a broader exit pattern from a peak accumulation in February and March, when Multicoin held around 4 million HYPE tokens.
The latest sale brings Multicoin's current holdings to slightly more than a quarter of its peak amount, reflecting a nearly 75% reduction from that high-water mark. The multiple rounds of selling suggest a deliberate scaling-down strategy rather than a single liquidation event.
What remains unclear is the timing and trigger for these sequential reductions, as well as Multicoin's longer-term intentions regarding its remaining $90.5 million position in the token.